Thailand’s leading chicken exporter, Charoen Pokphand (CP) Foods, has reported a better-than-expected 121% rise in quarterly net profit, boosted by greater sales and higher prices.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company reported third-quarter net profit of 1.5bn baht (US$37.6m), compared to 680m baht a year-earlier. Analysts had forecast net profit of 1.3-1.4bn baht.


CP Foods said sales increased 20%, mainly due to stronger exports, and that average meat prices were higher than in the year-ago period.


One analyst said CP Foods had benefited from a 24% rise in the third-quarter export price of frozen chicken, driven by increased demand abroad, particularly in Europe where an estimated one million chickens died in a summer heat wave, reported Reuters.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now